Sprout Mortgage Updates Its Non-QM Program

Jun 16, 2020

Director of Events

Sprout Mortgage enhanced its non-QM offerings to include a new max 85% LTV on most loan programs, reduced rates across its entire program offering and increased maximum loan amounts at lower loan-to-value levels on its Select program series.

Sprout's enhancement of its non-QM offerings comes just weeks after the company unveiled four new non-QM loan programs, including new versions of its asset depletion and debt service coverage ratio flagship products. The company also recently launched its Premier Jumbo offering for the purchase or refinance of higher-end properties, with loan amounts up to $3 million.

Sprout's programs are accessible through Optimal Blue, Loan Sifter, EPPS LoanNex and Mortech.

About the author

Navi Persaud

Director of Events

Navi Persaud is Director of Events at NMP.

Link copied

Published

Jun 16, 2020

Analysis and Data

It's A Buyers' Market In Texas And Florida!!!

Redfin says sellers are cutting their asking prices in the two southern states.

Two states in particular are experiencing a ballooning supply of homes for sale this spring, paired with modest price cuts to entice buyers. A new report from Redfin indicates that housing supply is surging in Florida and Texas, and sellers are cutting their asking prices...

Analysis and Data

Pending Home Sales Climbed 3.4% In March

National Association of Realtors reports gains in Northeast, South and West, with a slight drop in the Midwest

Homes under contract are rising at a cautiously hopeful pace this spring. The National Association of Realtors’ Pending home Sales Index climbed 3.4% in March, increasing to 78.2. Year-over-year, pending transactions were up 0.1%. “March's Pending Home Sales Index – at...